CL Educate Ltd
The Indian edtech market size is expected to reach US$ 30 billion by 2031, from US$ 700-800 million in 2021.
CL Educate Ltd, which operates under the brand name of Career Launcher, started operations in April 1996. The company has entered into six business segments in the education industry since then and has become well recognized brand name in India. It is based out of New Delhi and its main business is entrance test preparation. The company also has presence in the K-12 segment through its Indus World School, which was started in 2006. The company acquired Kestone in 2008, through which it undertakes integrated business, marketing and sales. Total consolidated income stood at Rs. 254.9 crore (US$ 30.71 million) in the third quarter of FY24.
- Parent company behind Career Launcher
- Leader in Test Prep Segment in India
- Businesses include test preparation& training, vocational training, publishing & content development and integrated solution for educational institutes and corporates
- 212 test prep centers with 21,656 enrolled students in the first quarter of FY21
- Total income of Rs. 332.40 crore (US$ 39.9 million) in FY24
CL Educate – A Public Start-up
| Year | Milestone |
|---|---|
| 2023 |
As informed in September 2023, Career Launcher is conducting around 30 seminars in as many cities across the country to help MBA and law aspirants get into top business and law schools. In August 2023, Career Launcher announced the launch of CL Olympiad, a prestigious scholastic test designed to foster excellence and critical thinking among students in classes 8-12. |
| 2022 |
In October 2022, Career Launcher signed up a third centre at Jaipur for CAT/CLAT/IPM at JLN Marg, Jaipur. In October 2022, Career Launcher added 12 new locations for Study Abroad vertical In November 2022, Career Launcher signed up new partner for Tirupati for CAT and BANK/SSC |
| 2021 |
In September, Career Launcher announced signing up of 8 franchisee centres in Tier-II and Tier-III cities as a part of its plan to add 200+ partners and reach a target of 350+ franchisees by FY23. |
| 2020 |
CL signed a memorandum of understanding (MoU) with All India Council for Technical Education (AICTE) |
| 2019 |
Planned to start free education of NEET and JEE entrance exams in Delhi government schools. Planned to invest Rs. 30 crore (US$ 4.29 million) in early-stage start-ups based out of campuses |
| 2018 |
Entered into a strategic partnership with EvueMe Selection Bot at helping students & professionals prepare for various kinds of interviews CL Educate and GD Goenka Group tied up to educate 40,000 youth across India CL educate announces the launch of Finance Upskilling courses in collaboration with BDO India |
| 2017 |
Listed on BSE and NSE through Initial Public Offer (IPO), 100 per cent acquisition of Accendere |
| 2011 |
Entered publication business with acquisition of GKP |
| 2008 |
Foray into vocational training with acquisition of Kestone |
| 2006 |
First Indus World School opened |
| 2004 |
Acquired Lohana Test Series |
| 2001 |
Acquired Paragon Classes and intellectual property of Compassbox.com |
| 2000 |
Acquired KITS’ intellectual property and Professionals Online Pvt Ltd |
| 1996 |
Incorporated as Career Launcher (India) Private Limited |
Partners
